Corient Private Wealth LLC Has $62 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Corient Private Wealth LLC raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,767 shares of the transportation company’s stock after purchasing an additional 15,444 shares during the period. Corient Private Wealth LLC owned 0.45% of J.B. Hunt Transport Services worth $62,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after buying an additional 1,447,993 shares during the period. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $91,094,000. Park Presidio Capital LLC boosted its position in shares of J.B. Hunt Transport Services by 149.5% in the 2nd quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock worth $96,337,000 after purchasing an additional 401,937 shares during the last quarter. First Trust Advisors LP boosted its position in shares of J.B. Hunt Transport Services by 178.9% in the 2nd quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock worth $61,562,000 after purchasing an additional 275,017 shares during the last quarter. Finally, State Street Corp grew its stake in shares of J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after purchasing an additional 272,594 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.5%

J.B. Hunt Transport Services stock opened at $197.60 on Tuesday. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 34.25, a P/E/G ratio of 2.68 and a beta of 1.27. The firm has a 50-day moving average of $168.96 and a 200-day moving average of $152.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $204.43.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.J.B. Hunt Transport Services’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.49 earnings per share. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services announced that its board has initiated a share buyback plan on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 30.50%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, insider Bradley W. Hicks sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $190.04, for a total transaction of $380,080.00. Following the transaction, the insider directly owned 30,499 shares in the company, valued at $5,796,029.96. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the sale, the executive vice president owned 12,976 shares of the company’s stock, valued at $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,109 shares of company stock valued at $2,688,970 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JBHT. BMO Capital Markets increased their target price on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft set a $227.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday. Raymond James Financial boosted their price objective on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Benchmark upped their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Stephens reissued an “overweight” rating and set a $180.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $170.05.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.